It's a good time to do it; copycat layoffs (The Board: "everyone is doing layoffs, why aren't we?") and it's a way to give a short term boost to the stock price

It's a good time to do it; copycat layoffs (The Board: "everyone is doing layoffs, why aren't we?") and it's a way to give a short term boost to the stock price - at least for publicly traded companies - when technology earnings are mixed or poor.